Lihe following information applies to the questions displayed below.) MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Accounts Payable Cash Cleaning Expense Common Stock $ 480 1,600 1,440 4,800 Equipment Repairs Expense Service Revenue Wages Expense $ 3,840 320 3,200 1,280 4. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from your answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. Cash Accounts Payable Debit Credit ES Debit Credit Beginning Balance 0 Beginning Balance (a) 3.200 (a) (b (C) 1,440 1.280 480 (d) Ending Balance 0 Ending Balance 0 Service Revenue Equipment Debit Credit Credit Beginning Balance Debit Beginning Balance O Service Revenue Equipment 6 Credit Debit Debit Credit 0 0 Beginning Balance Beginning Balance 0 0 Ending Balance Ending Balance sok Cleaning Expense Common Stock Debit Credit Credit int Debit Beginning Balance rint Beginning Balance (b erences 0 0 Ending Balance Ending Balance Retained Earnings Repairs Expense Credit Debit Credit Debit Beginning Balance 0 Beginning Balance 0 0 Ending Balance Ending Balance Wages Expense Debit Credit Required information Beginning Balance Part 4 of 6 Beginning Balance (b) Ending Balance 0 Ending Balance 0.55 points Repairs Expense Retained Earnings Debit Credit eBook Credit Beginning Balance Debit Beginning Balance 0 Hint Print Ending Balance 0 References Ending Balance 0 Wages Expense Credit Debit Beginning Balance Ending Balance 0 Lihe following information applies to the questions displayed below.) MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Accounts Payable Cash Cleaning Expense Common Stock $ 480 1,600 1,440 4,800 Equipment Repairs Expense Service Revenue Wages Expense $ 3,840 320 3,200 1,280 4. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from your answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. Cash Accounts Payable Debit Credit ES Debit Credit Beginning Balance 0 Beginning Balance (a) 3.200 (a) (b (C) 1,440 1.280 480 (d) Ending Balance 0 Ending Balance 0 Service Revenue Equipment Debit Credit Credit Beginning Balance Debit Beginning Balance O Service Revenue Equipment 6 Credit Debit Debit Credit 0 0 Beginning Balance Beginning Balance 0 0 Ending Balance Ending Balance sok Cleaning Expense Common Stock Debit Credit Credit int Debit Beginning Balance rint Beginning Balance (b erences 0 0 Ending Balance Ending Balance Retained Earnings Repairs Expense Credit Debit Credit Debit Beginning Balance 0 Beginning Balance 0 0 Ending Balance Ending Balance Wages Expense Debit Credit Required information Beginning Balance Part 4 of 6 Beginning Balance (b) Ending Balance 0 Ending Balance 0.55 points Repairs Expense Retained Earnings Debit Credit eBook Credit Beginning Balance Debit Beginning Balance 0 Hint Print Ending Balance 0 References Ending Balance 0 Wages Expense Credit Debit Beginning Balance Ending Balance 0